Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Anadarko Petroleum Corporation    APC

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Mozambique Plans to Begin LNG Exports By 2018

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/25/2013 | 02:45pm CET

By Alexis Flynn

ABERDEEN, Scotland--Mozambique hopes to export its first cargoes of liquefied natural gas by 2018, President Armando Emilio Guebuza said Thursday.

"We are doing our best to make sure that by 2018 the first trains are delivered to the market," said Mr. Guebuza, who is Aberdeen at a conference to promote Mozambique's nascent oil and gas industry.

The East African nation is on the cusp of becoming one of the continent's biggest energy producers following the discovery of giant natural gas fields in the deep waters off its northeast coast.

However, before any exports can begin, billions of dollars will have to be spent building the giant refrigeration tanks needed to cool the gas for shipping and developing port facilities big enough to house LNG carrier vessels.

Mozambique expects it will cost at least $40 billion to develop its natural gas infrastructure, including a plant capable of exporting 20 million metric tons of LNG and a local distribution hub that will service its domestic energy needs as well as those of its near neighbors, said Minister of Mineral Resources Esperenca Bias.

"It will be the largest ever in Africa," said Ms. Bias.

However, it remains unclear which international companies will build the terminal. The right to export LNG currently rests with Italy's Eni SpA (E) and U.S. explorer Anadarko Petroleum Corp (>> Anadarko Petroleum Corporation), the two firms operating the concessions where most of the 108 trillion cubic feet of natural gas have been found.

Both companies are in discussions with the government about developing an LNG plant, said Arsenio Mabote, chairman of the state-owned National Petroleum Institute. "It is up to the concessionaires to decide," said Mr. Mabote, adding that he expects the talks to conclude in the next few months.

-Write to Alexis Flynn at alexis.flynn@wsj.com

Corrections & Amplifications

This item was corrected at 1605 GMT because it misstated the organization chaired by Arsenio Mabote in the last paragraph. He is chairman of the National Petroleum Institute, not National Hydrocarbons Co.

Stocks mentioned in the article : Anadarko Petroleum Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANADARKO PETROLEUM CORPORA
02/26 EXCLUSIVE : Algeria's Sonatrach in talks to begin offshore drilling - source
02/24 ANADARKO PETROLEUM : New Great Outdoors Colorado head talks his unlikely candida..
02/17 ANADARKO PETROLEUM : Management's Discussion and Analysis of Financial Condition..
02/17 WESTERN GAS EQUITY PARTNERS, LP (NYS : WGP) Files An 8-K Departure of Directors ..
02/09 ANADARKO PETROLEUM CORP : Change in Directors or Principal Officers, Financial S..
02/09 ANADARKO PETROLEUM : Announces Board Of Directors Election
02/09 ANADARKO PETROLEUM : Declares Dividend
02/07 ANADARKO PETROLEUM CORPORATION : Post Earnings Coverage as Anadarko Posted a 16%..
02/01 ANADARKO PETROLEUM : Alabama EMD Issues Public Notice Involving Anadarko Petrole..
01/31DJANADARKO PETROLEUM : Narrows Loss
More news
Sector news : Oil & Gas Exploration and Production - NEC
02/24 Canada energy sector sidelined as Big Oil chases fatter profits
02/24 HUSKY ENERGY : Canada's Husky Energy posts fourth quarter profit, partly on asse..
02/24DJDEVON ENERGY : EPA Chief Scott Pruitt's Emails Show Close Ties With Oil and Gas ..
02/24DJDEVON ENERGY : EPA Chief Scott Pruitt's Emails Show Close Ties With Oil and Gas ..
02/24DJDEVON ENERGY : EPA Chief Scott Pruitt's Emails Show Close Ties With Oil and Gas ..
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
08:23a REUTERS : Algeria's Sonatrach in talks to begin offshore drilling
02/23 Stock Rankings According To Hedge Fund Investing (Part 23)
02/23 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q4 2016 Update
02/15 Liberty Oilfield Services Files For $50 Million IPO
02/13 Why OPEC's Deal Won't Last And Oil Will Drop To Previous Levels
Advertisement
Financials ($)
Sales 2017 11 706 M
EBIT 2017 1 850 M
Net income 2017 285 M
Debt 2017 9 623 M
Yield 2017 0,31%
P/E ratio 2017 128,05
P/E ratio 2018 41,33
EV / Sales 2017 3,91x
EV / Sales 2018 3,47x
Capitalization 36 205 M
More Financials
Chart ANADARKO PETROLEUM CORPORA
Duration : Period :
Anadarko Petroleum Corpora Technical Analysis Chart | APC | US0325111070 | 4-Traders
Full-screen chart
Technical analysis trends ANADARKO PETROLEU...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 82,0 $
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert A. Walker Chairman, President & Chief Executive Officer
Robert G. Gwin Chief Financial Officer & Executive Vice President
Mario M. Coll Chief Information Officer & Senior Vice President
H. Paulett Eberhart Independent Director
John Rousmaniere Gordon Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ANADARKO PETROLEUM COR..-7.11%36 205
PACIFIC EXPLORATION AN..--.--%134 098
CONOCOPHILLIPS-6.18%58 134
EOG RESOURCES INC-4.75%55 544
CNOOC LTD-2.80%53 954
OCCIDENTAL PETROLEUM C..-8.90%49 588
More Results